Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average accident rate is 0.1, and the average expenses incurred on accidents is $38,000. The insurance plan has a yearly premium of $1,000 and a deductible of $4,000.If after 4 years of insuring 100 people, 9 motorcycle drivers had an accident, where does the company stand after money has been taken in and paid out for this group of 100 insured people?
$85,500
-$36,000
$94,000
$58,000
Answers
Answer:
The correct option is $94,000
Step-by-step explanation:
Yearly premium under the insurance plan = $1,000
Total premium from single motorcycle driver in 4 years = $1,000 * 4 = $4,000
Number of people insured = 100
Total premium collected from 100 motorcycle drivers = $4,000 * 100 = $400,000
Average expenses incurred on accident = $38,000
Deductible = $4,000
Net expenses incurred per accident = $38,000 - $4,000 = $34,000
In 4 years , 9 motorcycle drivers had an accident
Total expenses incurred for accident = $34,000 * 9 = $306,000
Net savings of Insurance Company = total premium - total expenses = $400,000 - $306,000 = $94,000
Hope it helps.
Thank you !!
1,000 X 100 X 4 = 400,000
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Adena has a number cube labeled 1 through 6. She rolls the number cube 3 times. What is the probability that she will roll a 2, then 3, and then a 4? (has to be a fraction)I think it is 1/216
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15.<KJH
<HJK
<KJL
<LJM
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The ratio of students who study French to students who don't is 4 : 11
Ratio shows the relationship that exists between two or more numbers. It displays the number of times a value is contained in another value
The fraction of students that study a language = 2/3
fraction of students that study French = ×
Fraction of students that do not study French = 1 -
The ratio ;
÷
×
= 4 : 11
A similar question was solved here: brainly.com/question/21767303?referrer=searchResults
Answer: 4:11
Step-by-step explanation:
Given : Fraction of students study a language
Let x be the number of students in the school.
Then , No. of students study a language
Fraction of students who study a language study French
No. of of students who study a language study French
No. of students study French =
Then, the number of students do not study French =
Now, the ratio of student who study French to students who do not study French:-
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Answers
Answer:
3.70
Step-by-step explanation:
9 divided by 2.43
To divide decimal numbers we need to remove the decimal point
Now use long division to divide the numbers
3.70370
--------------------------------
243 900
729
---------------------------(subtract)
1710 (add decimal point at top)
1701
---------------------------
900 (add 0 at top)
729
---------------------------(subtract)
1710 (add decimal point at top)
1701
---------------------------
9
So answer is 3.70
Answers
-- If the 55° angle is one of the two equal angles, then
the third angle is 70° .
-- If the 55° angle is the third angle, then each of the two
equal angles is 62.5° .
-- For either of these cases, there are an infinite number
of possible sets of side-lengths.
The statement in the question does not hold water.
Answers
Answer:
1/8 of the lawn in 1/4 of an hour. That mean you would need a whole hour to do 4/8 or 1/2 of the lawn. So you would need two hours to do the whole lawn.
Step-by-step explanation:
Answer:
2 hours or you can say 120 minutes
Step-by-step explanation:
1/4 of an hour equals 15 minutes
1/8 = 15 minutes
4/8 = 1 hour = 60 minutes
8/8 = 2 hours = 120 minutes
hope i helped
a.
54°
b.
59°
c.
75°
d.
83°
Answers
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